Tesla Ready to Pump Out 100,000 Cars Per Year by 2015

Tesla’s second quarter results and forecast for the year head were good enough to kick the company’s shares slightly higher in after-hours trading. It reported revenue of $769 million in the second quarter, up from $405 million in the same period last year. The company’s net loss expanded to $62 million from $31 million, as Tesla spends on building its network of charging stations and service centers and on the development of its upcoming Model X SUV.

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